Why Mortgage Rates Are DAMAGING Affordability | The Real Word 259

Byron Lazine and Nicole White discuss homebuyers paying thousands up front to buy down their mortgage rate, three effective ways to spend $3,000 on your real estate business, and the test run of Biden’s reelection message in today’s State of the Union address. Sign up for the BAM live cold calling event with four top agents on Wednesday, February 8th at 4pm EST: https://mailchi.mp/nowbam/circle-prospecting-live-event Grab your FREE copy of BAM x The Conversion Club ebook, AI Tools for Real Estate Agents: https://brokeagentmedia.lpages.co/ai-for-real-estate-agents/ Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka Subscribe to BAM Newsletter: http://eepurl.com/hZU-Vn Connect with Byron: Website: https://byronlazine.com Instagram: https://www.instagram.com/byronlazine Twitter: https://www.twitter.com/ByronLazine TikTok: https://www.tiktok.com/@byronlazine 5AM Call Sign-up: https://www.5amcall.com Newsletter here: https://byronlazine.com/subscribe Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/ This episode's sources: https://www.inman.com/2023/02/07/most-homebuyers-forking-out-big-bucks-to-buy-down-mortgage-rate/ https://www.realestatenews.com/2023/02/04/have-usd3000-here-are-3-ways-to-spend-it-on-your-business https://www.cnn.com/2023/02/07/politics/president-biden-state-of-the-union-2023/index.html Timestamps: 00:00–00:52 Intro 00:52 Topic #1: Most homebuyers forking out big bucks to buy down mortgage rate 03:25 Why does it make sense right now to buy down the mortgage rate? 11:57 Topic #2: 3 Ways to spend $3,000 on your real estate business 12:22 #1: Prospecting for new leads 13:32 Wake up call for agents & the best use for that $3K to get more leads 16:11 #2: Nurturing relationships with clients 18:10 What to do if you don’t have past clients: buyer seminars 20:02 #3 Upgrading your tech 21:36 “This is the biggest racket I’ve heard in a long time.” 22:43 Left, Middle, Right: Biden’s test run reelection message in his State of the Union address 23:30 Get the transcript to hear what Biden says on housing, curbing inflation, jobs, etc. 27:00 Get your free copy of BAM’s new ebook: AI Tools for Real Estate Agents #mortgagerates #homebuyers #realestatepodcast